US Airways reports $37 million profit for the fourth quarter

Posted Wednesday, Jan. 23, 2013 0 comments  Print Reprints
Share
A

Have more to add? News tip? Tell us

By Andrea Ahles

aahles@star-telegram.com

US Airways, which would like to merge with American Airlines, reported a profit of $37 million for the fourth quarter.

The Tempe-based carrier said its revenues grew 3.9 percent to $3.3 billion for the quarter. However, the company's quarterly results were hurt by Hurricane Sandy by about $35 million.

For the full year, US Airways said it reported a record profit of $637 million compared to a $71 million profit in 2011. It also had record revenues of $13.8 billion, up almost 6 percent compared to prior year.

"We enter 2013 with great momentum and enthusiasm and are well positioned for whatever may lie ahead," said US Airways chief executive Doug Parker in a statement.

Parker and other US Airways executives will discuss the carrier's earnings results on an investor conference call at 10:30 a.m. CDT on Wednesday.

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Comments deemed inappropriate will be removed and repeated abusers will be banned. NOTE: If you log in using your Twitter account, your comments will be signed using the name on your Twitter profile, NOT your Twitter user name. Read our full comment policy.